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Gazprom to intensify talks with E.ON over Siberian gas field
AFP
FRANKFURT
Petroleumworld.com 06 11 07Gazprom is hoping to intensify talks with German energy giant E.ON on development of the Siberian gas field Yuzhno-Russkoje, the deputy chief of the Russian gas giant said in a newspaper interview on Monday.
In an interview with the business Handelsblatt, Alexander Medvedev rejected suggestions that talks had ground to a halt because Gazprom was making new price demands.
"We stand by the fundamental agreement that we've struck with (German chemicals giant) BASF on the one side and E.ON on the other," the deputy chief said.
Nevertheless, a few months after the original deal was agreed, some parts had had to be rethought, Medvedev said.
"The market is changing, price forecasts are changing and all that naturally has to be taken into account," he said.
Gazprom has agreed to develop the gas field jointly with BASF's oil and gas subsidiary Wintershall and E.ON. The field has an estimated 500 billion cubic metres in gas reserves.
AFP 11 0845 GMT 06 07Copyright© 2007 AFP. All Rights Reserved.
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